@barchart/portfolio-api-common 1.3.18 → 1.3.22

package/.jshintrc

@@ -1,3 +1,5 @@
 {
-  "validthis": true
+  "esversion": 6,
+  "validthis": true,
+  "-W018": true
 }

package/README.md

@@ -1,2 +1,30 @@
 # @barchart/portfolio-api-common
-## Barchart Portfolio API Common Components
+
+A *private* library of shared JavaScript code pertaining to the paper-trading portfolio system.
+
+### Overview
+
+Simply put, this project contains code that runs on both the servers (i.e. Serverless applications) and clients (e.g. browser, mobile, etc).
+
+#### [lib/serialization](https://github.com/barchart/portfolio-api-common/tree/master/lib/serialization)
+
+Data is passed between client and server in JSON format. However, the code works with more complex types. For example, [Decimal](https://github.com/barchart/barchart-common-js/blob/master/lang/Decimal.js) instances are used in place of [native JavaScript floats](https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Number). [Day](https://github.com/barchart/barchart-common-js/blob/master/lang/Day.js) instances are used instead of [native JavaScript Dates](https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Date).
+
+So, before data is exchanged, it must be converted to pure JSON. Conversely, when data is received, as pure JSON, its translated into more complex types before use. This is facilitated by the [Schema](https://github.com/barchart/barchart-common-js/blob/master/serialization/json/Schema.js) definitions which build custom "reviver" functions for [JSON parsing](https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/JSON/parse).
+
+#### [lib/processing](https://github.com/barchart/portfolio-api-common/tree/master/lib/processing)
+
+For reporting and display purposes, positions can be grouped together (by asset class, by portfolio, by user, etc). This code supports aggregation and gain/loss calculation. It is used by server-generated reports and dynamic user interfaces.
+
+### Notable Consumers
+
+* [aws-lambda-portfolio](https://github.com/barchart/aws-lambda-portfolio) - Serverless applications (i.e. the servers)
+* [portfolio-client-js](https://github.com/barchart/portfolio-client-js) - JavaScript client SDK for communicating with server API's.
+* [tgam-portfolio-ui-js](https://github.com/barchart/tgam-portfolio-ui-js) - A dynamic, single-page HTML UI.
+
+### Package Managers
+
+This library has been published as a *private* module to NPM as [@barchart/portfolio-api-common](https://www.npmjs.com/package/@barchart/portfolio-api-common).
+
+    > npm login
+    > npm install @barchart/portfolio-api-common -S

package/gulpfile.js

@@ -1,5 +1,7 @@
 const gulp = require('gulp');
 
+const fs = require('fs');
+
 const browserify = require('browserify'),
 	buffer = require('vinyl-buffer'),
 	bump = require('gulp-bump'),
@@ -9,31 +11,29 @@ const browserify = require('browserify'),
 	glob = require('glob'),
 	jasmine = require('gulp-jasmine'),
 	jshint = require('gulp-jshint'),
-	runSequence = require('run-sequence'),
-	source = require('vinyl-source-stream'),
-	util = require('gulp-util');
-
-const fs = require('fs');
+	source = require('vinyl-source-stream');
 
 function getVersionFromPackage() {
     return JSON.parse(fs.readFileSync('./package.json', 'utf8')).version;
 }
 
-gulp.task('ensure-clean-working-directory', () => {
-	gitStatus(function(err, status) {
+gulp.task('ensure-clean-working-directory', (cb) => {
+	gitStatus((err, status) => {
 		if (err, !status.clean) {
 			throw new Error('Unable to proceed, your working directory is not clean.');
 		}
+
+		cb();
 	});
 });
 
 gulp.task('bump-version', () => {
-    return gulp.src([ './package.json' ])
-        .pipe(bump({ type: 'patch' }).on('error', util.log))
-        .pipe(gulp.dest('./'));
+	return gulp.src([ './package.json' ])
+		.pipe(bump({ type: 'patch' }))
+		.pipe(gulp.dest('./'));
 });
 
-gulp.task('document', function (cb) {
+gulp.task('document', (cb) => {
 	exec('jsdoc . -c jsdoc.json -r -d docs', (error, stdout, stderr) => {
 		console.log(stdout);
 		console.log(stderr);
@@ -55,7 +55,7 @@ gulp.task('push-changes', (cb) => {
 gulp.task('create-tag', (cb) => {
     const version = getVersionFromPackage();
 
-    git.tag(version, 'Release ' + version, function (error) {
+    git.tag(version, 'Release ' + version, (error) => {
         if (error) {
             return cb(error);
         }
@@ -82,41 +82,21 @@ gulp.task('execute-node-tests', () => {
         .pipe(jasmine());
 });
 
-gulp.task('execute-tests', (cb) => {
-    runSequence(
-        'build-test-bundle',
-        'execute-browser-tests',
-        'execute-node-tests',
-
-        function (error) {
-            if (error) {
-                console.log(error.message);
-            }
-
-            cb(error);
-        });
-});
-
-gulp.task('release', (cb) => {
-    runSequence(
-        'ensure-clean-working-directory',
-        'execute-tests',
-		'document',
-        'bump-version',
-        'commit-changes',
-        'push-changes',
-        'create-tag',
-
-        function (error) {
-            if (error) {
-                console.log(error.message);
-            } else {
-                console.log('Release complete');
-            }
-
-            cb(error);
-        });
-});
+gulp.task('execute-tests', gulp.series(
+	'build-test-bundle',
+	'execute-browser-tests',
+	'execute-node-tests'
+));
+
+gulp.task('release', gulp.series(
+	'ensure-clean-working-directory',
+	'execute-tests',
+	'document',
+	'bump-version',
+	'commit-changes',
+	'push-changes',
+	'create-tag'
+));
 
 gulp.task('lint', () => {
     return gulp.src([ './**/*.js', './test/specs/**/*.js', '!./node_modules/**', '!./docs/**', '!./test/SpecRunner.js' ])
@@ -124,6 +104,6 @@ gulp.task('lint', () => {
         .pipe(jshint.reporter('default'));
 });
 
-gulp.task('test', [ 'execute-tests' ]);
+gulp.task('test', gulp.series('execute-tests'));
 
-gulp.task('default', [ 'lint' ]);
+gulp.task('default', gulp.series('lint'));

package/lib/api/failures/PortfolioFailureType.js

@@ -88,7 +88,7 @@ module.exports = (() => {
 		static get TRANSACTION_CREATE_FAILED_OUT_OF_SEQUENCE() {
 			return transactionCreateFailedOutOfSequence;
 		}
-		
+
 		/**
 		 * The transaction date is invalid.
 		 * For example create opening transaction after delist date.
@@ -101,6 +101,18 @@ module.exports = (() => {
 			return transactionCreateFailedInvalidDate;
 		}
 
+		/**
+		 * The target instrument is invalid.
+		 * Can be used in Merger and Acquisition.
+		 *
+		 * @public
+		 * @static
+		 * @returns {FailureType}
+		 */
+		static get TRANSACTION_CREATE_FAILED_TARGET_INSTRUMENT_MISSING() {
+			return transactionCreateFailedTargetInstrumentMissing;
+		}
+
 		/**
 		 * @public
 		 * @static
@@ -142,6 +154,40 @@ module.exports = (() => {
 			return transactionCreateFailedInvalidInitialType;
 		}
 
+		/**
+		 * A valuation transaction cannot have a negative rate (or amount).
+		 *
+		 * @public
+		 * @static
+		 * @returns {FailureType}
+		 */
+		static get TRANSACTION_CREATE_FAILED_VALUATION_NEGATIVE() {
+			return transactionCreateFailedValuationNegative;
+		}
+
+		/**
+		 * A "terminal" transaction must be the last transaction is the history.
+		 *
+		 * @public
+		 * @static
+		 * @returns {FailureType}
+		 */
+		static get TRANSACTION_CREATE_FAILED_INVALID_TERMINATION() {
+			return transactionCreateFailedInvalidTermination;
+		}
+
+		/**
+		 * A transaction cannot be created after the termination date of
+		 * the instrument.
+		 *
+		 * @public
+		 * @static
+		 * @returns {FailureType}
+		 */
+		static get TRANSACTION_CREATE_FAILED_AFTER_TERMINATION() {
+			return transactionCreateFailedAfterTermination;
+		}
+
 		/**
 		 * The transaction (of this type) cannot be created by a user, instead,
 		 * it is created and managed by the system (e.g. dividends).
@@ -244,7 +290,7 @@ module.exports = (() => {
 		static get TRANSACTION_DELETE_FAILED_POSITION_LOCKED() {
 			return transactionDeleteFailedPositionLocked;
 		}
-		
+
 		/**
 		 * The transaction date is invalid.
 		 * For example edit opening transaction after delist date.
@@ -295,10 +341,14 @@ module.exports = (() => {
 	const transactionCreateFailedNoPosition = new FailureType('TRANSACTION_CREATE_FAILED_NO_POSITION', 'Unable to create transaction. The referenced position does not exist. Has it been deleted?', false);
 	const transactionCreateFailedOutOfSequence = new FailureType('TRANSACTION_CREATE_FAILED_OUT_OF_SEQUENCE', 'Unable to process transaction, because the transaction date is out-of-sequence. In other words, it would occur before an existing transaction. Please confirm your intent to re-write transaction history (which could take some time and alter the historical results for this position).');
 	const transactionCreateFailedInvalidDate = new FailureType('TRANSACTION_CREATE_FAILED_INVALID_DATE', 'Unable to process transaction with given date.');
+	const transactionCreateFailedTargetInstrumentMissing = new FailureType('TRANSACTION_CREATE_FAILED_TARGET_INSTRUMENT_MISSING', 'Unable to create transaction. The target instrument does not exist.');
 	const transactionCreateFailedTypeInvalidForInstrument = new FailureType('TRANSACTION_CREATE_FAILED_TYPE_INVALID_FOR_INSTRUMENT', 'Unable to process transaction, {L|transactionType.description} transactions cannot be used with {L|instrumentType.description} positions.');
 	const transactionCreateFailedTypeInvalidForDirection = new FailureType('TRANSACTION_CREATE_FAILED_TYPE_INVALID_FOR_DIRECTION', 'Unable to process transaction, a {L|positionDirection.description} position would be created (i.e. you would have {L|positionDirection.sign} shares/units). {u|instrumentType.description} positions cannot have {L|positionDirection.description} positions.', false);
 	const transactionCreateFailedInvalidDirectionSwitch = new FailureType('TRANSACTION_CREATE_FAILED_INVALID_DIRECTION_SWITCH', 'Unable to process transaction, the transaction would switch the position from {L|currentDirection.description} to {L|proposedDirection.description} (i.e. {L|currentDirection.sign} to {L|proposedDirection.sign} shares/units). This is not allowed. Please close the current position (i.e. zero it out) and then enter a second transaction.', false);
-	const transactionCreateFailedInvalidInitialType = new FailureType('TRANSACTION_CREATE_FAILED_INVALID_INITIAL_TYPE', 'Unable to process operation because the first transaction would to be a {U|transactionType.description}, which is not allowed -- since {U|transactionType.description} transactions cannot open a position.');
+	const transactionCreateFailedInvalidInitialType = new FailureType('TRANSACTION_CREATE_FAILED_INVALID_INITIAL_TYPE', 'Unable to process operation because the first transaction would to be a {U|transactionType.description}, which is not allowed -- since {U|transactionType.description} transactions cannot open a position.', false);
+	const transactionCreateFailedValuationNegative = new FailureType('TRANSACTION_CREATE_FAILED_VALUATION_NEGATIVE', 'Unable to process operation, valuations cannot be negative.', false);
+	const transactionCreateFailedInvalidTermination = new FailureType('TRANSACTION_CREATE_FAILED_INVALID_TERMINATION', 'Unable to process operation, a {U|transactionType.description} must be the final transaction in the position history.', false);
+	const transactionCreateFailedAfterTermination = new FailureType('TRANSACTION_CREATE_FAILED_AFTER_TERMINATION', 'Unable to process operation, one or more transactions would exist after {L|termination}, the final day of trading for this instrument', false);
 
 	const transactionCreateFailedTypeReserved = new FailureType('TRANSACTION_CREATE_FAILED_TYPE_RESERVED', 'Unable to create {U|type.description} transaction, this type of transaction is managed by the system.');
 	const transactionCreateFailedReinvestPriceUnavailable = new FailureType('TRANSACTION_CREATE_FAILED_REINVEST_PRICE_UNAVAILABLE', 'Unable to create transaction, a dividend was paid on {L|day}; however no historical price is available for this day. To successfully create this transaction, please turn off dividend reinvestment for this position.');

package/lib/data/CorporateActionType.js

@@ -82,6 +82,28 @@ module.exports = (() => {
 		static get DELIST() {
 			return delist;
 		}
+
+		/**
+		 * A merging.
+		 *
+		 * @public
+		 * @static
+		 * @returns {CorporateActionType}
+		 */
+		static get MERGER() {
+			return merger;
+		}
+
+		/**
+		 * A spinoff.
+		 *
+		 * @public
+		 * @static
+		 * @returns {CorporateActionType}
+		 */
+		static get SPINOFF() {
+			return spinoff;
+		}
 	}
 
 	const split = new CorporateActionType('SPLIT', 'Split', false);
@@ -90,6 +112,8 @@ module.exports = (() => {
 	const symbolChange = new CorporateActionType('SYMBOL_CHANGE', 'Symbol Change', false);
 	const nameChange = new CorporateActionType('NAME_CHANGE', 'Name Change', false);
 	const delist = new CorporateActionType('DELIST', 'Delist', false);
+	const merger = new CorporateActionType('MERGER', 'Merger', false);
+	const spinoff = new CorporateActionType('SPINOFF', 'Spinoff', false);
 
 	return CorporateActionType;
 })();

package/lib/data/PositionSummaryFrame.js

@@ -218,7 +218,6 @@ module.exports = (() => {
 			const last = array.last(transactions);
 
 			const firstDate = first.date;
-			const lastDate = last.date;
 
 			let lastYear;
 
@@ -277,13 +276,12 @@ module.exports = (() => {
 		const ranges = [ ];
 
 		if (transactions.length !== 0) {
-			const first = array.first(transactions);
 			const last = array.last(transactions);
 
 			const currentYear = Day.getToday().year;
 
 			if (!last.snapshot.open.getIsZero() || last.date.year === currentYear) {
-				let end = new Day(Day.getToday().year, 12, 31);
+				let end = new Day(currentYear, 12, 31);
 				let start = end.subtractYears(1);
 
 				ranges.push(getRange(start, end));

package/lib/data/TransactionType.js

@@ -21,11 +21,14 @@ module.exports = (() => {
 	 * @param {Boolean} fee
 	 * @param {Boolean} corporateAction
 	 * @param {Boolean} initial
+	 * @param {Boolean} terminal
 	 * @param {Boolean} significant
-	 * @param {Boolean} system
+	 * @param {Boolean} chaining
+	 * @param {Boolean} chained
+	 * @param {Boolean} transfer
  	 */
 	class TransactionType extends Enum {
-		constructor(code, description, display, sequence, purchase, sale, income, opening, closing, fee, corporateAction, initial, significant) {
+		constructor(code, description, display, sequence, purchase, sale, income, opening, closing, fee, corporateAction, initial, terminal, significant, chaining, chained, transfer) {
 			super(code, description);
 
 			assert.argumentIsRequired(display, 'display', String);
@@ -38,7 +41,11 @@ module.exports = (() => {
 			assert.argumentIsRequired(fee, 'fee', Boolean);
 			assert.argumentIsRequired(corporateAction, 'corporateAction', Boolean);
 			assert.argumentIsRequired(initial, 'initial', Boolean);
+			assert.argumentIsRequired(terminal, 'terminal', Boolean);
 			assert.argumentIsRequired(significant, 'significant', Boolean);
+			assert.argumentIsRequired(chaining, 'chaining', Boolean);
+			assert.argumentIsRequired(chained, 'chained', Boolean);
+			assert.argumentIsRequired(transfer, 'transfer', Boolean);
 
 			this._display = display;
 			this._sequence = sequence;
@@ -50,7 +57,11 @@ module.exports = (() => {
 			this._fee = fee;
 			this._corporateAction = corporateAction;
 			this._initial = initial;
+			this._terminal = terminal;
 			this._significant = significant;
+			this._chaining = chaining;
+			this._chained = chained;
+			this._transfer = transfer;
 		}
 
 		/**
@@ -167,6 +178,16 @@ module.exports = (() => {
 			return this._initial;
 		}
 
+		/**
+		 * Indicates if the transaction must be the last
+		 *
+		 * @public
+		 * @returns {Boolean}
+		 */
+		get terminal() {
+			return this._terminal;
+		}
+
 		/**
 		 * Significant transactions cannot be discarded during transaction re-write.
 		 *
@@ -177,6 +198,37 @@ module.exports = (() => {
 			return this._significant;
 		}
 
+		/**
+		 * Chain transactions cause another position to be created.
+		 *
+		 * @public
+		 * @returns {Boolean}
+		 */
+		get chaining() {
+			return this._chaining;
+		}
+
+		/**
+		 * Chained transactions are created from another position.
+		 *
+		 * @public
+		 * @returns {Boolean}
+		 */
+		get chained() {
+			return this._chained;
+		}
+
+		/**
+		 * Indicates if the transaction should cause gains and losses to be
+		 * transferred from the original (chaining) position.
+		 *
+		 * @public
+		 * @returns {Boolean}
+		 */
+		get transfer() {
+			return this._transfer;
+		}
+
 		/**
 		 * A purchase.
 		 *
@@ -352,7 +404,7 @@ module.exports = (() => {
 		static get DEBIT() {
 			return debit;
 		}
-  
+
 		/**
 		 * A system-generated transaction, indicating the security has stopped active trading.
 		 *
@@ -397,34 +449,84 @@ module.exports = (() => {
 			return income;
 		}
 
+		/**
+		 * A merger opening.
+		 *
+		 * @public
+		 * @static
+		 * @returns {TransactionType}
+		 */
+		static get MERGER_OPEN() {
+			return mergerOpen;
+		}
+
+		/**
+		 * A merger closing.
+		 *
+		 * @public
+		 * @static
+		 * @returns {TransactionType}
+		 */
+		static get MERGER_CLOSE() {
+			return mergerClose;
+		}
+
+		/**
+		 * A spin-off.
+		 *
+		 * @public
+		 * @static
+		 * @returns {TransactionType}
+		 */
+		static get SPINOFF() {
+			return spinoff;
+		}
+
+		/**
+		 * A spin-off opening.
+		 *
+		 * @public
+		 * @static
+		 * @returns {TransactionType}
+		 */
+		static get SPINOFF_OPEN() {
+			return spinoffOpen;
+		}
+
 		toString() {
 			return '[TransactionType]';
 		}
 	}
 
-	const buy = new TransactionType('B', 'Buy', 'Buy', 0, true, false, false, true, false, false, false, true, true);
-	const sell = new TransactionType('S', 'Sell', 'Sell', 0, false, true, false, false, true, false, false, false, true);
-	const buyShort = new TransactionType('BS', 'Buy To Cover', 'Buy To Cover', 0, true, false, false, false, true, false, false, false, true);
-	const sellShort = new TransactionType('SS', 'Sell Short', 'Sell Short', 0, false, true, false, true, false, false, false, true, true);
-	const dividend = new TransactionType('DV', 'Dividend', 'Dividend', 1, false, false, true, false, false, false, true, false, false);
-	const dividendReinvest = new TransactionType('DX', 'Dividend (Reinvested)', 'Dividend Reinvest', 1, false, false, false, true, false, false, true, false, false);
-	const dividendStock = new TransactionType('DS', 'Dividend (Stock)', 'Dividend Stock', 1, false, false, false, true, false, false, true, false, false);
-	const split = new TransactionType('SP', 'Split', 'Split', 1, false, false, false, true, false, false, true, false, false);
-	const fee = new TransactionType('F', 'Fee', 'Fee', 0, false, false, false, false, false, true, false, false, false);
-	const feeUnits = new TransactionType('FU', 'Fee Units', 'Fee', 0, false, false, false, false, true, false, false, false, false);
-	const delist = new TransactionType('DL', 'Delist', 'Delist', 1, false, false, false, false, false, false, true, false, false);
-
-	const distributionCash = new TransactionType('DC', 'Distribution (Cash)', 'Cash Distribution', 1, false, false, true, false, false, false, true, false, false);
-	const distributionReinvest = new TransactionType('DY', 'Distribution (Reinvested)', 'Distribution Reinvest', 1, false, false, false, true, false, false, true, false, false);
-	const distributionFund = new TransactionType('DF', 'Distribution (Units)', 'Unit Distribution', 1, false, false, false, true, false, false, true, false, false);
-
-	const deposit = new TransactionType('D', 'Deposit', 'Deposit', 0, false, false, false, false, false, false, false, true, true);
-	const withdrawal = new TransactionType('W', 'Withdrawal', 'Withdrawal', 0, false, false, false, false, false, false, false, true, true);
-	const debit = new TransactionType('DR', 'Debit', 'Debit', 0, false, false, false, false, false, false, false, true, true);
-	const credit = new TransactionType('CR', 'Credit', 'Credit', 0, false, false, false, false, false, false, false, true, true);
-
-	const valuation = new TransactionType('V', 'Valuation', 'Valuation', 0, false, false, false, false, false, false, false, false, false);
-	const income = new TransactionType('I', 'Income', 'Income', 0, false, false, true, false, false, false, false, false, false);
+	const buy = new TransactionType('B', 'Buy', 'Buy', 0, true, false, false, true, false, false, false, true, false, true, false, false, false);
+	const sell = new TransactionType('S', 'Sell', 'Sell', 0, false, true, false, false, true, false, false, false, false, true, false, false, false);
+	const buyShort = new TransactionType('BS', 'Buy To Cover', 'Buy To Cover', 0, true, false, false, false, true, false, false, false, false, true, false, false, false);
+	const sellShort = new TransactionType('SS', 'Sell Short', 'Sell Short', 0, false, true, false, true, false, false, false, true, false, true, false, false, false);
+	const dividend = new TransactionType('DV', 'Dividend', 'Dividend', 1, false, false, true, false, false, false, true, false, false, false, false, false, false);
+	const dividendReinvest = new TransactionType('DX', 'Dividend (Reinvested)', 'Dividend Reinvest', 1, false, false, false, true, false, false, true, false, false, false, false, false, false);
+	const dividendStock = new TransactionType('DS', 'Dividend (Stock)', 'Dividend Stock', 1, false, false, false, true, false, false, true, false, false, false, false, false, false);
+	const split = new TransactionType('SP', 'Split', 'Split', 1, false, false, false, true, false, false, true, false, false, false, false, false, false);
+	const fee = new TransactionType('F', 'Fee', 'Fee', 0, false, false, false, false, false, true, false, false, false, false, false, false, false);
+	const feeUnits = new TransactionType('FU', 'Fee Units', 'Fee', 0, false, false, false, false, true, false, false, false, false, false, false, false, false);
+	const delist = new TransactionType('DL', 'Delist', 'Delist', 1, false, false, false, false, false, false, true, false, true, false, false, false, false);
+
+	const mergerOpen = new TransactionType('MO', 'Merger Open', 'Merger Open', 1, false, false, false, true, false, false, true, true, false, true, false, true, true);
+	const mergerClose = new TransactionType('MC', 'Merger Close', 'Merger Close', 1, false, false, false, false, true, false, true, false, true, false, true, false, false);
+
+	const spinoff = new TransactionType('SPF', 'Spinoff', 'Spinoff', 1, false, false, false, false, false, false, true, false, false, false, true, false, false);
+	const spinoffOpen = new TransactionType('SPFO', 'Spinoff Open', 'Spinoff Open', 1, false, false, false, true, false, false, true, true, false, true, false, false, false);
+
+	const distributionCash = new TransactionType('DC', 'Distribution (Cash)', 'Cash Distribution', 1, false, false, true, false, false, false, true, false, false, false, false, false, false);
+	const distributionReinvest = new TransactionType('DY', 'Distribution (Reinvested)', 'Distribution Reinvest', 1, false, false, false, true, false, false, true, false, false, false, false, false, false);
+	const distributionFund = new TransactionType('DF', 'Distribution (Units)', 'Unit Distribution', 1, false, false, false, true, false, false, true, false, false, false, false, false, false);
+
+	const deposit = new TransactionType('D', 'Deposit', 'Deposit', 0, false, false, false, false, false, false, false, true, false, true, false, false, false);
+	const withdrawal = new TransactionType('W', 'Withdrawal', 'Withdrawal', 0, false, false, false, false, false, false, false, true, false, true, false, false, false);
+	const debit = new TransactionType('DR', 'Debit', 'Debit', 0, false, false, false, false, false, false, false, true, false, true, false, false, false);
+	const credit = new TransactionType('CR', 'Credit', 'Credit', 0, false, false, false, false, false, false, false, true, false, true, false, false, false);
+
+	const valuation = new TransactionType('V', 'Valuation', 'Valuation', 0, false, false, false, false, false, false, false, false, false, false, false, false, false);
+	const income = new TransactionType('I', 'Income', 'Income', 0, false, false, true, false, false, false, false, false, false, false, false, false, false);
 
 	return TransactionType;
 })();

package/lib/data/TransactionValidator.js

@@ -186,7 +186,7 @@ module.exports = (() => {
 		static validateInitialTransactionType(transactionType) {
 			return transactionType.initial;
 		}
-		
+
 		/**
 		 * Determines if a position for a given instrument type can exist in
 		 * the given direction.
@@ -246,6 +246,10 @@ module.exports = (() => {
 	associateTypes(InstrumentType.EQUITY, TransactionType.DIVIDEND_STOCK, false);
 	associateTypes(InstrumentType.EQUITY, TransactionType.SPLIT, false);
 	associateTypes(InstrumentType.EQUITY, TransactionType.DELIST, false);
+	associateTypes(InstrumentType.EQUITY, TransactionType.MERGER_OPEN, false);
+	associateTypes(InstrumentType.EQUITY, TransactionType.MERGER_CLOSE, false);
+	associateTypes(InstrumentType.EQUITY, TransactionType.SPINOFF, false);
+	associateTypes(InstrumentType.EQUITY, TransactionType.SPINOFF_OPEN, false);
 
 	associateTypes(InstrumentType.FUND, TransactionType.BUY, true, [ PositionDirection.LONG, PositionDirection.EVEN ]);
 	associateTypes(InstrumentType.FUND, TransactionType.SELL, true, [ PositionDirection.LONG ]);
@@ -255,6 +259,10 @@ module.exports = (() => {
 	associateTypes(InstrumentType.FUND, TransactionType.DISTRIBUTION_REINVEST, false);
 	associateTypes(InstrumentType.FUND, TransactionType.DISTRIBUTION_FUND, false);
 	associateTypes(InstrumentType.FUND, TransactionType.DELIST, false);
+	associateTypes(InstrumentType.FUND, TransactionType.MERGER_OPEN, false);
+	associateTypes(InstrumentType.FUND, TransactionType.MERGER_CLOSE, false);
+	associateTypes(InstrumentType.FUND, TransactionType.SPINOFF, false);
+	associateTypes(InstrumentType.FUND, TransactionType.SPINOFF_OPEN, false);
 
 	associateTypes(InstrumentType.OTHER, TransactionType.BUY, true, [ PositionDirection.LONG, PositionDirection.EVEN ]);
 	associateTypes(InstrumentType.OTHER, TransactionType.SELL, true, [ PositionDirection.LONG ]);

package/lib/formatters/TransactionFormatter.js

@@ -326,6 +326,38 @@ module.exports = (() => {
 		f.description = t.description;
 	};
 
+	const mergerFormatter = (t, f) => {
+		f.boughtSold = t.quantity;
+
+		let rate;
+
+		if (!t.merger.denominator.getIsZero()) {
+			rate = t.merger.numerator.divide(t.merger.denominator);
+		} else {
+			rate = '';
+		}
+
+		f.rate = rate;
+
+		f.shares = t.snapshot.open.subtract(t.quantity);
+	};
+
+	const spinoffFormatter = (t, f) => {
+		f.boughtSold = t.quantity;
+
+		let rate;
+
+		if (!t.spinoff.denominator.getIsZero()) {
+			rate = t.spinoff.numerator.divide(t.spinoff.denominator);
+		} else {
+			rate = '';
+		}
+
+		f.rate = rate;
+
+		f.shares = t.snapshot.open.subtract(t.quantity);
+	};
+
 	const formatters = new Map();
 
 	formatters.set(TransactionType.BUY, [ basicFormatter, buySellFormatter, averageCostFormatter ]);
@@ -348,6 +380,10 @@ module.exports = (() => {
 	formatters.set(TransactionType.WITHDRAWAL, [ basicFormatter, cashFormatter ]);
 	formatters.set(TransactionType.DEBIT, [ basicFormatter, cashFormatter, debitFormatter ]);
 	formatters.set(TransactionType.CREDIT, [ basicFormatter, cashFormatter, creditFormatter ]);
+	formatters.set(TransactionType.MERGER_OPEN, [ basicFormatter ]);
+	formatters.set(TransactionType.MERGER_CLOSE, [ basicFormatter, mergerFormatter ]);
+	formatters.set(TransactionType.SPINOFF, [ basicFormatter, spinoffFormatter ]);
+	formatters.set(TransactionType.SPINOFF_OPEN, [ basicFormatter ]);
 
 	function getInstrumentTypePriority(type) {
 		if (type === InstrumentType.CASH) {

package/lib/serialization/TransactionSchema.js

@@ -113,7 +113,7 @@ module.exports = (() => {
 		static get VALUATION() {
 			return valuation;
 		}
-		
+
 		static get DELIST() {
 			return delist;
 		}
@@ -162,6 +162,10 @@ module.exports = (() => {
 		.withField('split.denominator', DataType.DECIMAL, true)
 		.withField('split.effective', DataType.DAY, true)
 		.withField('split.reference', DataType.STRING, true)
+		.withField('merger.numerator', DataType.DECIMAL, true)
+		.withField('merger.denominator', DataType.DECIMAL, true)
+		.withField('spinoff.numerator', DataType.DECIMAL, true)
+		.withField('spinoff.denominator', DataType.DECIMAL, true)
 		.withField('charge.amount', DataType.DECIMAL, true)
 		.withField('income.amount', DataType.DECIMAL, true)
 		.withField('valuation.rate', DataType.DECIMAL, true)
@@ -201,6 +205,10 @@ module.exports = (() => {
 		.withField('split.denominator', DataType.DECIMAL, true)
 		.withField('split.effective', DataType.DAY, true)
 		.withField('split.reference', DataType.STRING, true)
+		.withField('merger.numerator', DataType.DECIMAL, true)
+		.withField('merger.denominator', DataType.DECIMAL, true)
+		.withField('spinoff.numerator', DataType.DECIMAL, true)
+		.withField('spinoff.denominator', DataType.DECIMAL, true)
 		.withField('charge.amount', DataType.DECIMAL, true)
 		.withField('income.amount', DataType.DECIMAL, true)
 		.withField('valuation.rate', DataType.DECIMAL, true)
@@ -326,7 +334,7 @@ module.exports = (() => {
 		.withField('force', DataType.BOOLEAN, true)
 		.schema
 	);
-	
+
 	const delist = new TransactionSchema(SchemaBuilder.withName(TransactionType.DELIST.code)
 		.withField('portfolio', DataType.STRING)
 		.withField('position', DataType.STRING)
@@ -336,7 +344,7 @@ module.exports = (() => {
 		.withField('force', DataType.BOOLEAN, true)
 		.schema
 	);
-  
+
   const income = new TransactionSchema(SchemaBuilder.withName(TransactionType.INCOME.code)
 		.withField('portfolio', DataType.STRING)
 		.withField('position', DataType.STRING)